For tds
This query is : Resolved
07 May 2014
HII
THERE ARE TWO BUYER OF FLAT AND I HAVE TO DEDUCT TDS AND BOTH PARTNER (COUPLE)HAVE PAID DIFFERENT AMOUNT TO SELLER , SO HOW CAN I DEDUCT TDS. THE LIMIT IN BANK IS 50000/- PER DAY . CAN I PAT ALSO IN INSTALLMENT LIKE DAY BY DAY
THERE ARE TWO BUYER OF FLAT AND I HAVE TO DEDUCT TDS AND BOTH PARTNER (COUPLE)HAVE PAID DIFFERENT AMOUNT TO SELLER , SO HOW CAN I DEDUCT TDS. THE LIMIT IN BANK IS 50000/- PER DAY . CAN I PAT ALSO IN INSTALLMENT LIKE DAY BY DAY
07 May 2014
you need to deduct TDS against respective PAN. there is no limit in banks for payment of taxes. nevertheless, you can pay in instalment till 7th of next month without attracting any penalty.
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